Meet the Kawecki's. This nice couple was betrayed by their grandson. When they needed some cash, he falsely stated that they could not get a loan at their ages. Of course they could: a reverse mortgage. As an heir he wouldn't have liked the sound of that, so he decided he'd offer a makeshift reverse mortgage of his own. He ask told them that if they signed over their home to him, he'd make monthly payments to them and that the cash would not stop flowing. They did, and he immediately borrwed $360,000, then $47,000, and then $65,000.

He didn't pick a very nice lender for the second loan. Nope, he picked Val-Chris. I'm familiar with them, because they were the funder on a loans to an investor whose deals I considered dodgy, based on outward appearances, anyway. He didn't make payments on the $47,500 loan they made. They made Chris Tomaszewski the beneficiary and in that role, Chris appointed a new trustee and had them set up an auction. He swooped in and bought the house before anyone else had a chance to make a sensible bid. Way to make a deal, Tomaszewski! 

But seriously, unless I am missing something, you seem to be a chubby sociopath with bad teeth. I mean, didn't you know the borrower wouldn't let an $800,000 home go to the dogs over a $3000 debt? Was it the Private Mortgage Fund loan that went bad? If so, were are the NODs and the NOSes?

Did you bother to see how the borrower acquired the house, and didn't that grant deed look a little dodgy?

I expect any open house held at the home depicted above will be picketed, so good luck unloading your blood-soaked white elephant.